BMW just released its February 2026 lease programs and the story is electric vehicles at rates you won't believe. We analyzed 1,700 lease configurations across every 2025 and 2026 BMW model to rank every deal from best to worst—so you know exactly which BMWs to target and which to avoid this month.
The headline: the 2025 iX is leasing at 0.7% APR with $7,500 in Lease Credits—the lowest rate we've seen on any luxury vehicle from any brand. The i4 is at 0.8%, the i5 at 1.1%. Meanwhile, the 2026 7 Series just dropped from 4.6% to 1.3% APR—a rate collapse of historic proportions. And BMW's standard rate? 8.2% across every single model—the highest dealer markup risk in luxury cars.
0.7%
iX APR
Lowest in luxury
25
Models Analyzed
1,700 configs
$20.5K
Max Incentives
2025 iX xDrive50
8.2%
Standard Rate
Every model
How We Rank
Ranking considers APR, residual value, incentive depth, and overall lease economics. All rates shown are the Special Lease Rate from BMW Financial Services at 36 months / 10,000 miles. Standard Rate across all BMW models is 0.0034 (8.2% APR). Best year shown when both 2025 and 2026 are available.
The Rankings: Best to Worst
TIER 1: THE EV FIRE-SALE (Under 2% APR)
BMW is dumping sub-2% rates on every electric model. These are the cheapest luxury leases in America.
2025 BMW iX
xDrive50 Sports Activity Vehicle
Money Factor
0.00030
0.7% APR
Residual
52%
36mo / 10K
Incentives
$20.5K
Max savings
The undisputed champion—not just of BMW, but of any luxury vehicle lease in America. 0.7% APR on a $87K electric SUV means your rent charge is approximately $36/month. The $12,000 Lease Credit (largest in BMW's lineup) slashes cap cost before depreciation math even starts. The 2025 iX xDrive50 is being cleared out—this deal won't survive into March.
2026 BMW i4
eDrive40 / xDrive40 Gran Coupe
Money Factor
0.00035
0.8% APR
Residual
55%
36mo / 10K
Incentives
$10.5K
Max savings
Sub-1% APR on both the eDrive40 and xDrive40 (the M60 is higher at 2.0%). The i4 starts around $54K with 300+ miles of range. With $3,750 in Lease Credits and 55–56% residual (best among BMW EVs), this is the sweet spot of performance, range, and lease economics. The Gran Coupe body style is also genuinely gorgeous.
2025 BMW i5
M60 / eDrive40 / xDrive40 Sedan
Money Factor
0.00045
1.1% APR
Residual
50%
36mo / 10K
Incentives
$12.5K
Max savings
The 2025 i5 M60 leads at 1.1% APR, with the eDrive40/xDrive40 at 1.2–1.3%. Critical: the 2026 i5 has worse rates (1.4% on eDrive40, 3.2% on M60). Get the 2025. The 50% residual is low for the segment, but the sub-1.5% MF more than compensates. A full-size electric 5 Series for luxury-sedan money with essentially zero interest.
2026 BMW iX
M70 / xDrive45 / xDrive60 Sports Activity Vehicle
Money Factor
0.00045
1.1% APR
Residual
53%
36mo / 10K
Incentives
$16K
Max savings
The 2026 iX M70 replaces the M60 at 1.1% APR. The xDrive45 is 1.9% and xDrive60 is 2.2%. All get $7,500 Lease Credit (vs $12,000 on the 2025). Residual improved from 52% (2025) to 53% (2026). If the 2025 iX is sold out, the 2026 M70 is nearly as good—and actually beats it on residual.
2026 BMW 7 Series
760i xDrive / 740i / 750e xDrive Plug-In Hybrid
Money Factor
0.00055
1.3% APR
Residual
53%
36mo / 10K
Incentives
$19K+
Max savings
The 2026 7 Series rate dropped to 1.3% on the 760i (from 4.6% in 2025—a 3.2% plunge) and 1.7% on the 740i. Combined with $7,500 Lease Credit and up to $4,000 Loyalty, the incentive stack can exceed $19,000. A $105K+ flagship sedan leasing at rates below a Honda Civic. If you never thought you could lease a 7 Series, February 2026 just changed that.
2025/2026 BMW i7
eDrive50 / xDrive60 / M70 Sedan
Money Factor
0.00100
2.4% APR
Residual
53%
36mo / 10K
Incentives
$19K+
Max savings
The electric 7 Series shares the gas 7's massive incentive stack ($19K+) but with a slightly higher MF. The 2025 eDrive50 edges out at 2.3% vs the 2026's 2.4%. The M70 trim is 3.1% (2025) or 4.1% (2026)—go with the base eDrive50 for the best lease math. Same $7,500 Lease Credit and $4,000 Loyalty.
Real Monthly Payments on Actual Inventory
Rates and residuals only tell half the story. We pulled specific vehicles sitting at dealer lots right now and ran the full lease math on each one. Below are real monthly payments tied to actual VINs and sale prices—not "starting at" guesses. All examples assume 36 months / 10,000 miles, Tier 1 credit, BMW FS acquisition fee ($925), Lease Credits applied to cap cost, and $0 down. State taxes not included (add ~6–10% depending on where you are).
How the lease payment is calculated:
Depreciation Fee = (Adjusted Cap Cost − Residual Value) ÷ 36
Finance Fee = (Adjusted Cap Cost + Residual Value) × Money Factor
Adjusted Cap Cost = Sale Price + Acq. Fee ($925) − Lease Credits
Residual Value = Residual % × MSRP
| Model (from inventory) | Sale Price | MF / APR | Dep / mo | Finance / mo | Monthly* |
|---|---|---|---|---|---|
2025 iX xDrive50 MSRP $97,275 · $12,000 Lease Credit · 52% residual VIN: WB523CF06SCU02417 | $97,870 | 0.00030 / 0.7% | $1,006 | $41 | ~$1,047 |
2026 i4 xDrive40 (range) MSRP $66,265–$70,740 · $3,750 Lease Credit · 55% residual 4 units in stock / in transit | $66,860–$71,335 | 0.00035 / 0.8% | $766–$822 | $35–$38 | ~$801–$860 |
2025 i5 eDrive40 MSRP $71,670 · $3,750 Lease Credit · 50% residual | ~$72,265 | 0.00045 / 1.1% | $917 | $47 | ~$964 |
2025 i5 M60 MSRP $96,175 · $3,750 Lease Credit · 50% residual | ~$96,770 | 0.00045 / 1.1% | $1,257 | $64 | ~$1,321 |
2026 7 Series 740i (entry) MSRP $104,385 · $7,500 Lease Credit · 53% residual VIN: WBA23EH04TCW76307 | $104,980 | 0.00071 / 1.7% | $1,197 | $109 | ~$1,306 |
2026 7 Series 760i xDrive (entry) MSRP $131,415 · $7,500 Lease Credit · 53% residual VIN: WBA43EH06TCX54028 | $132,010 | 0.00055 / 1.3% | $1,550 | $107 | ~$1,657 |
*Pre-tax. 36 months / 10,000 miles. Tier 1 credit required for Special MF. $925 BMW FS acquisition fee included in cap cost. Zero drive-off. Residual calculated on MSRP. 740i uses 1.7% APR (MF 0.00071); 760i uses 1.3% APR (MF 0.00055).
Why the iX Payment is Mostly Depreciation
On the 2025 iX at $97,275 MSRP: only $41 of your $1,047 monthly payment is interest. The remaining $1,006 is depreciation—money you'd owe regardless of rate. That's the math behind 0.7% APR. For comparison, if a dealer quietly swapped in BMW's Standard rate (8.2%), that same $41 finance charge becomes ~$491/month. Same car, same contract length, an extra $450 every month going to the dealer. This is why verifying your money factor matters more on BMW EVs than any other car they sell.
TIER 2: STRONG DEALS (2–4% APR)
Competitive rates with good residuals—these are solid leases for buyers who want gas or hybrid power.
2025/2026 BMW 2 Series Gran Coupe
228 / M235 xDrive
Money Factor
0.00095
2.3% APR
Residual
57%
36mo / 10K
Incentives
$7.5K
Max savings
The cheapest way into a new BMW with a great rate. 2.3% APR and 57% residual—the highest residual of any BMW—means low depreciation and low interest. No Lease Credit, but the 228/M235 start under $40K. Same rate on 2025 and 2026. A sleeper pick for budget-conscious luxury shoppers.
2025/2026 BMW 3 Series
330i / 330i xDrive Sedan
Money Factor
0.00105
2.5% APR
Residual
57%
36mo / 10K
Incentives
$7.5K
Max savings
The quintessential sport sedan. 2.5% APR with a strong 57% residual. No Lease Credit on the 330i, but the rate is excellent for an ICE model. Note: the 2026 was renamed '330i NA' in BMW's system—same car, same rate. The M340i (3.2%) is also solid if you want the inline-6.
2025/2026 BMW 5 Series
550e xDrive Plug-In Hybrid
Money Factor
0.00100
2.4% APR
Residual
57%
36mo / 10K
Incentives
$8K+
Max savings
The plug-in hybrid 5 Series combines a good rate (2.4–2.6%) with the highest residual in the lineup tied with the 3 Series (57–58%). The $1,000 Lease Credit sweetens an already strong package. If you want an executive sedan that does 40 miles electric, this is the move—and it's significantly cheaper to lease than the gas 530i/540i.
2025/2026 BMW 3 Series
M340i / M340i xDrive Sedan
Money Factor
0.00135
3.2% APR
Residual
57%
36mo / 10K
Incentives
$7.5K
Max savings
The enthusiast's 3 Series with the B58 inline-6. Same 57% residual and same incentive stack as the 330i, but a higher MF (3.2% vs 2.5%). Still a good deal relative to the broader BMW lineup. Same rate across 2025 and 2026.
2025 BMW X1
xDrive28i / M35i Sports Activity Vehicle
Money Factor
0.00135
3.2% APR
Residual
56%
36mo / 10K
Incentives
$9K
Max savings
The 2025 X1 at 3.2% beats the 2026 X1 at 4.1%—that's nearly a full point lower. Plus it has the same $1,000 Lease Credit. The compact SUV with BMW dynamics. If X1 inventory remains, grab the 2025 before it's gone and you're stuck with the worse 2026 rate.
2025 BMW X7
M60i / xDrive40i Sports Activity Vehicle
Money Factor
0.00120
2.9% APR
Residual
52%
36mo / 10K
Incentives
$8K+
Max savings
The 2025 X7 xDrive40i at 3.4% and M60i at 2.9% are strong for a full-size luxury SUV. 2025-only trims—the 2026 X7 only lists the ALPINA XB7 at 5.3% so far. If you want a 3-row luxury SUV from BMW, the 2025 X7 is the only smart time to lease it.
TIER 3: PROCEED WITH CAUTION (4–5% APR)
Rates are getting high. These are acceptable but not exciting—negotiate hard on selling price.
2026 BMW X3
30 xDrive / M50 xDrive Sports Activity Vehicle
Money Factor
0.00170
4.1% APR
Residual
57%
36mo / 10K
Incentives
$9K
Max savings
The all-new X3 improved slightly: 2026 is 4.1% vs 2025's 4.3%. The $1,000 Lease Credit and 57% residual help the math, but 4.1% is still a lot of interest on an SUV that starts around $50K. The 2026 is marginally better than the 2025 here—unusual for BMW.
2025/2026 BMW 5 Series
530i / 540i xDrive Sedan
Money Factor
0.00180
4.3% APR
Residual
57%
36mo / 10K
Incentives
$9K
Max savings
Same Lease Credit as the 550e PHEV, but the gas 5 Series costs nearly 2% more in APR (4.3% vs 2.4%). The 57–58% residual is good, but you're paying almost double the interest. If you're cross-shopping, the 550e is the smarter lease by a wide margin.
2025/2026 BMW X5
xDrive40i / M60i / sDrive40i / xDrive50e PHEV
Money Factor
0.00190
4.6% APR
Residual
52%
36mo / 10K
Incentives
$9.5K
Max savings
The gas X5 trims lease at 4.6%, but the xDrive50e plug-in hybrid gets a lower 4.2% APR on the 2026 (improved from 4.6% in 2025 with residual up from 49% to 51%). The X5 PHEV is the better lease play if you can charge. The gas models get more incentives ($1,000 Loyalty vs $500 on some) but the rate gap favors the PHEV.
2025 BMW 4 Series
430i / M440i (Coupe, Gran Coupe, Convertible)
Money Factor
0.00200
4.8% APR
Residual
54%
36mo / 10K
Incentives
$7.5K
Max savings
The 2025 4 Series at 4.8% beats the 2026 at 5.3% by half a point. No Lease Credit on either year. The 54% residual is middling. If you must have a 4 Series, get the 2025 before it crosses into the 5%+ 'Avoid' tier. All body styles (Coupe, Gran Coupe, Convertible) have the same rate.
2025 BMW 8 Series
840i / M850i (Coupe, Gran Coupe, Convertible)
Money Factor
0.00180
4.3% APR
Residual
53%
36mo / 10K
Incentives
$9K+
Max savings
The 2025 8 Series at 4.3% beats the 2026 at 5.0%. BMW's grand tourer gets a decent rate by luxury-coupe standards, plus $1,000 Loyalty. The ALPINA B8 and all M8 Competition trims are 2025-only. If the 8 Series is on your list, February 2025 stock is the time.
TIER 4: AVOID LEASING (5%+ APR)
5.3% APR on all M cars, X2, X6, Z4, and ALPINA models. No Lease Credits, no Special Rate advantage. Consider buying instead.
2025/2026 BMW M2
Coupe (+ CS Coupe 2026-only)
Money Factor
0.00220
5.3% APR
Residual
55%
36mo / 10K
Incentives
$5.5K
Max savings
Every M car leases at the same 5.3% APR—it's the 'M tax.' No Lease Credit, no Loyalty. The M2 at least holds value well (55% residual). The 2026 CS variant has an even lower 43% residual. Fun car, terrible lease.
2025/2026 BMW M3
Sedan / Competition / Competition xDrive
Money Factor
0.00220
5.3% APR
Residual
56%
36mo / 10K
Incentives
$5.5K
Max savings
Same 5.3% 'M tax' as every M car. The 56% residual is the best among M models. But $5.5K in conditional-only incentives doesn't move the needle on a $75K+ sport sedan. If you want the M3 experience at a better rate, lease the M340i at 3.2% instead—same engine family, much smarter lease.
2025/2026 BMW M4
Competition Coupe / Competition xDrive Convertible
Money Factor
0.00220
5.3% APR
Residual
56%
36mo / 10K
Incentives
$5.5K
Max savings
Identical to the M3 in lease terms. Residual improved from 54% (2025) to 56% (2026), but the rate didn't budge. The M4 CS and base Coupe were 2025-only. 5.3% on an $80K+ sports car is painful.
2025/2026 BMW X2
xDrive28i / M35i Sports Activity Coupe
Money Factor
0.00220
5.3% APR
Residual
55%
36mo / 10K
Incentives
$5.5K
Max savings
The X2 gets the same 5.3% rate as M cars despite being a mainstream SUV. No Lease Credit. For comparison, the mechanically-similar X1 leases at 3.2–4.1% with a $1,000 Lease Credit. The X2's 'coupe SUV' styling costs you 1–2% extra in APR. Hard pass.
2025/2026 BMW X6 / X6 M
xDrive40i / M60i / Competition
Money Factor
0.00220
5.3% APR
Residual
52%
36mo / 10K
Incentives
$8K+
Max savings
Same 5.3% as the X2, but on a $70K–$115K coupe-SUV. At least you get $1,000 Loyalty. The 52% residual means heavy depreciation on top of the high rate. The mechanically-identical X5 leases at 4.6% with the same incentives—just pick the X5.
2025/2026 BMW Z4
sDrive30i / M40i Roadster
Money Factor
0.00220
5.3% APR
Residual
54%
36mo / 10K
Incentives
$5.5K
Max savings
BMW's roadster gets zero rate love. 5.3% APR, no Lease Credit, no Loyalty. The Z4's days may be numbered and BMW isn't investing in lease support. Buy one or move on.
2025/2026 BMW M5
Sedan (2025) / Touring (2025/2026)
Money Factor
0.00220
5.3% APR
Residual
57%
36mo / 10K
Incentives
$6K+
Max savings
The M5 has the highest residual in the 'Avoid' tier (57%) and gets Corporate Sales cash. But 5.3% on a $120K super-sedan is $450+/month in just rent charges. The M5 Touring is the only wagon BMW sells in the US—lease it if you must, but know the rate is steep.
2025/2026 BMW X7 ALPINA XB7
Sports Activity Vehicle
Money Factor
0.00220
5.3% APR
Residual
44%
36mo / 10K
Incentives
$5.5K
Max savings
The worst BMW lease deal by a mile. 5.3% APR on a $150K+ SUV with a catastrophic 44% residual—the lowest in the entire BMW lineup. That means you're paying for 56% depreciation at 5.3% interest. No Lease Credit, no Loyalty. Compare to the 2025 X7 M60i at 2.9% and 52% residual. Never lease the ALPINA XB7.
BMW's 8.2% Standard Rate: The Biggest Trap in Luxury Cars
Here's the number BMW doesn't advertise: every single BMW model—from the $36K 228 to the $150K ALPINA XB7—has a Standard rate of 0.0034 (8.2% APR). This is the rate dealers can use if they don't apply the Special Program.
| Model | Special MF | Standard MF | APR Gap | Monthly $ Risk* |
|---|---|---|---|---|
| iX xDrive50 | 0.00030 (0.7%) | 0.00340 (8.2%) | 7.4% | ~$450 |
| i4 eDrive40 | 0.00035 (0.8%) | 0.00340 (8.2%) | 7.3% | ~$310 |
| i5 M60 | 0.00045 (1.1%) | 0.00340 (8.2%) | 7.1% | ~$380 |
| 7 Series 760i | 0.00055 (1.3%) | 0.00340 (8.2%) | 6.8% | ~$550 |
| 3 Series 330i | 0.00105 (2.5%) | 0.00340 (8.2%) | 5.6% | ~$180 |
| X5 xDrive40i | 0.00190 (4.6%) | 0.00340 (8.2%) | 3.6% | ~$180 |
*Monthly $ Risk = approximate extra rent charge per month if dealer swaps Special for Standard rate. Calculated as (Standard MF − Special MF) × (Cap Cost + Residual Value). Based on estimated MSRP per model.
The iX Rate Swap: $450/Month Hidden Markup
On the 2025 iX xDrive50, the gap between Special (0.7%) and Standard (8.2%) is 7.4 percentage points. That translates to approximately$450/month in additional rent charges—pure dealer profit that never appears as a line item on your lease agreement. Over 36 months, that's$16,200 wasted. Always ask:"What is my money factor?"
BMW's Incentive Programs: The Full Guide
BMW's incentive structure is more complex than Honda or Acura. There are 9 separate programs, most conditional. Here's every one, sorted by how easy it is to qualify:
Available to Everyone
Lease Credit (model-specific)
Cap cost reduction on select models. Applied automatically.
Pre-Pay MF Reduction
Pay entire lease upfront → MF drops by 0.0005 (1.2% less APR)
Qualification Required
BMW Mobility Program
Relocating to the US or buying first US vehicle. Exp: Dec 31, 2026.
BMW Loyalty Lease Credit
Current BMW FS lessee or returning. Varies by model ($500–$4,000). Exp: Mar 2.
Corporate Sales Program
Employer has BMW corporate partnership. Exp: Mar 2.
BMW College Grad Program
Graduated within 2 years or graduating in 6 months. Exp: Jan 4, 2027.
BMW Group Partner – Lease
Work for a BMW partner company. Exp: Jan 4, 2027.
BMW Family Purchase – Lease
Family member owns/leases a BMW. Exp: Jan 4, 2027.
BMW Military Program – Lease
Active duty, veterans, or reservists. Exp: Jan 4, 2027.
The i7 Max Stack: $19,000+
The i7 and 7 Series have the most aggressive incentive stacks in BMW's lineup:$7,500 Lease Credit + $4,000 Loyalty + $5,000 Corporate + $2,500 Mobility + $2,000 GKL Loyalty + $1,000 College. No single person qualifies for all of these (Corporate + GKL + standard Loyalty overlap), but a returning BMW lessee with a corporate account can realistically get $14,000–$16,000 off.
2025 vs 2026: Which Year Is Better?
Unlike Honda and Acura where the answer is usually "get the outgoing year," BMW's picture is more nuanced. Some 2025s are dramatically better; some 2026s improved significantly.
| Model | 2025 APR | 2026 APR | Winner | Savings |
|---|---|---|---|---|
| iX (xDrive50 vs M70) | 0.7% | 1.1% | 2025 🏆 | ~$50/mo |
| i5 (M60) | 1.1% | 3.2% | 2025 🏆 | ~$160/mo |
| X1 | 3.2% | 4.1% | 2025 🏆 | ~$35/mo |
| 4 Series | 4.8% | 5.3% | 2025 🏆 | ~$25/mo |
| 7 Series (740i) | 4.6% | 1.7% | 2026 🏆 | ~$340/mo |
| X3 | 4.3% | 4.1% | 2026 🏆 | ~$10/mo |
| 3 Series / M3 / X5 | Same | Same | TIE | $0 |
The Outlier: 2026 7 Series
The 2026 7 Series is one of the most dramatic year-over-year rate improvements we've ever seen. The 760i went from 4.6% → 1.3% (−3.2 points), saving approximately $340/month in rent charges alone on a $105K sedan. BMW appears to be aggressively pushing the new 7 Series to compete with the Mercedes S-Class and build market share before the i7 takes over the flagship role entirely.
TL;DR
- •iX at 0.7% — the lowest luxury lease rate in America. $7,500 Lease Credit. Get the 2025 xDrive50.
- •i4 at 0.8% — best EV sedan value with 55%+ residual and $3,750 Lease Credit
- •2026 7 Series — rate collapsed from 4.6% to 1.3%. Up to $19K in incentives.
- •3 Series 330i at 2.5% and 2 Series GC at 2.3% — best gas deals
- •All M cars, X2, X6, Z4 — stuck at 5.3% with no Lease Credit. Avoid leasing.
- •Standard rate is 8.2% on every BMW. Verify your MF. Dealer swap can cost $450+/month on EVs.
Data & Methodology
Lease programs sourced from BMW Financial Services rate sheets effective February 2026 for the Northeast region. We analyzed 1,700 configurations across 25 models covering 24-, 36-, and 39-month terms at 7,500 / 10,000 / 12,000 / 15,000 miles per year. Rates, residuals, and incentives may vary by region. Money Factor × 2,400 = APR equivalent. Standard Rate is 0.0034 (8.2% APR) across all BMW models. Data extracted February 11–14, 2026.
Got a BMW Lease Quote? Let Us Check It.
BMW's 8.2% Standard rate makes rate-swap the #1 dealer trick on BMW leases. Upload your quote and we'll catch it instantly:
- Verify your money factor matches the Special rate (not the 8.2% Standard)
- Confirm Lease Credits and Loyalty cash are applied to cap cost
- Flag junk fees, unnecessary dealer add-ons, and market adjustments
- Get a 0-100 deal score with specific improvement suggestions
